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Tezos (XTZ) and Chainlink (LINK) exhibit similar price and trading volume trends. Chainlink (LINK) shows promise but remains far from its 2021 peak.
LINK's rising OI seems like good news on paper, but you should read further to know more!
By acting as a stepping stone towards the interaction between real-world data and blockchain entities, Chainlink (LINK) continues to gain steam as a decentralized oracle network.
TL;DR Mountain Protocol has integrated Chainlink CCIP to enable secure transfers of its USDM stablecoin across multiple blockchains. Chainlink CCIP employs a token burning and minting process, where tokens are burned on the origin blockchain and minted on the destination blockchain. The stablecoin continues to gain relevance, as it was included in Ethena's $46.
Mountain Protocol, the issuer of the USDM stablecoin, announced an integration of Chainlink CCIP. This cross-chain interoperability platform aims to increase user security and usability.
The trend for Chainlink price has been very indecisive in the last week and month, but it seems to have a better picture in the broader setting for October, as it has grown from $10.60 to $11.13—a gain of almost 4%. Some forecasts even show Chainlink breaking above the $12 point by the beginning of
Bitcoin (BTC) has continued its impressive performance this week, going past $67,000 after an increase of almost 3% over the past 24 hours and almost 8% over the past week, as the crypto market continues its impressive recovery.
Staking, data oracle expansion, and Secure Mint launch have fueled LINK's bullish momentum.
The cryptocurrency market experiences continued volatility, Chainlink (LINK) is facing a challenging situation, prompting many investors to question whether a drop to $8 is imminent. Currently priced at around $10.64, LINK has shown a slight decline of 0.49% in the past 24 hours.
For crypto projects, delays in token listings can mean missed opportunities and frustration for users. Most wallets can take up to two weeks to list tokens, keeping projects in a prolonged waiting period. However, Plus Wallet is altering this approach by enabling projects to verify and list tokens in under 15 minutes.
Chainlink may be poised for a breakout after 4-year accumulation period.
Chainlink (LINK) is facing a precarious situation, with analysts predicting a potential price decline of approximately 13%. This downturn comes as LINK has formed a bearish price action pattern, indicating a challenging outlook for traders and investors.
Ronin has integrated Chainlink's Cross-Chain Interoperability Protocol to enhance the security and efficiency of its cross-chain bridge.
IDA Finance, a Hong Kong-based issuer of digital assets, is integrating Chainlink's blockchain services with the upcoming HKDA stable coin, which will be pegged to the Hong Kong dollar. This strategic move aims to enhance transparency and bolster secure cross-chain operations for this fiat-backed stable coin.
Chainlink price held up well against Bitcoin's drop on October 10 following higher-than-expected CPI inflation data. The crypto market slid by 1.2%, but the LINK price remained steady against USDT and gained 0.2% against BTC.
Chainlink likely to drop to $8 before potential recovery and upward move.
Chainlink (LINK), a leading player in the decentralized finance (DeFi) sector, is capturing attention as it prepares for what many analysts predict to be a robust recovery in the coming years. With a focus on providing secure and reliable data for smart contracts, Chainlink's price movements are under close scrutiny.
Chainlink (LINK) price is facing challenges as technical indicators show bearish momentum. LINK's EMA lines recently formed a death cross, indicating continued bearish pressure.
As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin.
Ronin adopts Chainlink's CCIP to fortify its cross-chain bridge.
TL;DR Scroll has integrated the Chainlink Cross-Chain Interoperability Protocol (CCIP) to enhance the creation of decentralized applications (dApps) in a multi-chain environment. The integration will enable token transfers and messaging between different blockchains, facilitating the development of more complex dApps.
Ronin has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance the security of its cross-chain bridge, according to an Oct. 10 statement shared with CryptoSlate. Ronin explained that all crypto currently bridged using the Ronin Bridge will transition to CCIP for native cross-chain transfers.
Zero-knowledge rollup Scroll has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP).
Major cryptocurrencies XRP, Solana and Chainlink might be candidates for a potential price rebound if indications presented by current market sentiment turn out favorable.
